Card fraud at a 10-year low

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Credit card fraud losses in the first six months of the year plunged to their lowest level for 10 years, at just £187m, the banking industry said yesterday. Online banking fraud was 36 per cent lower than in the first half of last year, at £25m, said the UK Cards Association. Phone banking fraud was up nine per cent to £6m, however cheque fraud losses fell 13 per cent to £14m.